Navi Technologies is looking to raise Rs 3350 crore through its initial public offering, according to the DRHP filed with SEBI.
Navi Technologies is a technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India. The company is uniquely positioned in India as one of the leading end-to-end digital ecosystem players with complete control over all three non-payments financial service offerings – lending, insurance and asset management, according to the RedSeer Report.
Navi Technologies IPO Objectives:
The company proposes to invest the net proceeds towards augmenting the capital base of NGIL, to ensure that NGIL is able to maintain its solvency levels and meet its future capital requirements.
Listing at NSE, BSE
|IPO Open Date||To be announced|
|IPO Close Date||To be announced|
|Allotment Date||To be announced|
|Initiation Of Refunds||To be announced|
|Credit Of Shares To
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|Particulars||March 31, 2021||March 31, 2020||March 31, 2019|
|Basic earnings per share (in ₹)||2.47||2.09||7.31|
|Diluted earnings per share (in ₹)||2.45||2.09||7.31|
|Return on net worth (in ₹)||1.81||0.20||3.90|
|Net asset value per share (in ₹)||136.51||137.4||104.0|
|EBITDA (in ₹ million)||2,342.18||477.32||45.68|
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Here are our top reasons:
|Mobile first approach driving better customer engagement and experience||High dependence on customer’s trust - any failure in enhancing the image of the brand can affect the business|
|Risk management, data science and machine learning leveraged operating model||Cloud computing software and data centers can be affected due to long system downtime and prolonged power outages|
|Promoter’s track record and experienced management team||Possibility of risks not getting identified due to technology-based risk management team which can affect the business|
|Strong tech team and value-based workplace ethos||Not being able to sustain the growth or manage it properly|
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According to DRHP filed with SEBI (Securities and Exchange of India), Navi technologies will be looking to raise rs. 3,350 crore through IPO (Initial Public Offering).
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.